This form is a Promissory Note. The form provides that this promissory note is payable upon demand. The agreement also provides that there will be no pre-payment penalty on the note.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
You can change the terms, but it normally requires both parties to agree and sign a new document. It’s always good to stay on the same page to avoid any hard feelings.
Yes, both parties usually need to sign the promissory note. It's like sealing the deal; it makes sure everyone knows what's expected and avoids future misunderstandings.
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